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Why Upwork Stock Jumped Today

TheMotleyFool

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Why Upwork Stock Jumped Today: https://g.foolcdn.com/editorial/images/841429/investors-gettyimages-923675062.jpg

Shares of Upwork (NASDAQ: UPWK) leaped 13% on Tuesday after the freelance marketplace delivered an upbeat third-quarter financial report.

Image source: Getty Images.

Upwork's revenue rose by 4% year over year to $201.7 million, as clients spent more to hire freelancers. The company's gross services volume (GSV) -- the total dollar value of transactions facilitated by its platform -- grew by 2%, marking the first increase in five quarters.

Source Fool.com